View Issue #585 Now!
Paccar profit jumps 32% as North America truck sales rise
Net income rose to $309.4 million, or 87 cents per share, in the third quarter ended Sept. 30 from $233.6 million, or 66 cents per share, a year earlier.
Total revenue rose 13 percent to $4.30 billion.
“Our customers in North America are benefiting from higher fleet utilization and record freight tonnage, which are driving industry fleet replacement,” Chief Executive Mark Pigott said in a statement on Tuesday.
Paccar makes commercial trucks under the Peterbilt, Kenworth and DAF brands. (Reuters)
American Journal of Transportation
116 Court Street, Suite 5
Plymouth, MA 02360
© Copyright 1999–2014 American Journal of Transportation.All Rights Reserved.